Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,781 shares of the aerospace company’s stock after purchasing an additional 3,770 shares during the quarter. JPMorgan Chase & Co.’s holdings in Kratos Defense & Security Solutions were worth $5,820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lord Abbett & CO. LLC raised its holdings in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after buying an additional 86,567 shares during the period. Franklin Resources Inc. boosted its holdings in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after acquiring an additional 304,088 shares during the period. Tidal Investments LLC grew its position in Kratos Defense & Security Solutions by 27.9% in the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after acquiring an additional 4,638 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after purchasing an additional 29,278 shares during the period. Finally, Barclays PLC raised its stake in shares of Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after purchasing an additional 192,667 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KTOS. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group lifted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Monday. Finally, JMP Securities raised their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average target price of $28.30.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $91,840.00. Following the transaction, the insider now directly owns 51,063 shares in the company, valued at $1,172,406.48. This trade represents a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, October 28th. The stock was sold at an average price of $24.01, for a total transaction of $168,070.00. Following the completion of the transaction, the insider now directly owns 356,414 shares of the company’s stock, valued at approximately $8,557,500.14. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,928 shares of company stock worth $2,611,696. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Stock Down 1.3 %

Shares of Kratos Defense & Security Solutions stock opened at $33.61 on Friday. The business has a 50-day moving average price of $27.33 and a 200 day moving average price of $24.15. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $34.83. The firm has a market cap of $5.08 billion, a P/E ratio of 336.13 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.